Solana and Tezos in decline as users turn to Dogeliens for NFT collectibles this Christmas
The 2022 crypto collapse created a massive bearish wave that affected most tokens and their cryptocurrency prices. The cryptocurrency market has been in bearish conditions since the first quarter of 2022, and several sectors of decentralized finance have begun to suffer from such effects, such as the NFT trading sector. Consequently, many users are opting for platforms like Solana (SOL) and Tezos (XTZ) and turning to Dogeliens (DOGET) in hopes of a revived NFT trading season next year. Read on to discover Dogelien’s (DOGET) hidden cards for the incoming bullish trend.
Solana – the provider of DeFi solutions
Solana (SOL) has long been associated with high-quality blockchain services, ranging from faster transaction execution times to scalability and flexibility when it comes to platform trading. The token was launched in 2018 to solve the recurring blockchain problems of traffic congestion and rising gas taxes. The Solana network (SOL) operates on a hybrid protocol consisting of a proof of stake protocol and a proof of history codebase. The two sets of programs manage the network, ensuring that transactions are completed quickly and that energy is saved on the platform. The hybrid protocol also helps to reduce the amount users pay for transactions to be completed.
The Solana blockchain (SOL) has been associated with low gas fees, which is due to strict control of the energy consumption of the platform. Despite low gas fees and increased user traffic on the network, Solana manages to stay safe and active without delays or network crashes. Solana’s NFT marketplace is one of the most visited NFT stores in the cryptocurrency market. The platform hosts several stores on the marketplace, which launched in 2021 and reached around $126 million in market capitalization by May 2022. This progress made it the second most successful NFT marketplace after Ethereum. However, since FTX’s bankruptcy, NFT trading on Solana (SOL) has fallen due to panic token selling. The platform uses SOL to stake and hedge itself, and the token is used to make purchases on the spot. SOL is available on CoinMarketCap for $.
Tezos – The smart contract-based network
Tezos (XTZ) is another top NFT-based platform going down after the effects of the crypto collapse and FTX’s bankruptcy. The token is a typical baking platform where users are referred to as bakers and are instrumental in preserving the platform’s security. Tezos runs on a proof of stake protocol that has baking as a token case instead of staking. The token hosts several DeFi tools and applications, such as NFTs and DEXs. The platform has many elements because the protocol allows developers to add code quickly. Therefore, the protocol is self-modifying, a necessary precaution against forming forks.
The Tezos (XTZ) network lists several NFT pools for sale to its members. The collections cross different subjects and digital formats, although the most popular are based on music, art, sports and philosophy. The Tezos (XTZ) platform and its NFT marketplace have been affected by the recent decline in crypto token values in the crypto space. The XTZ token powers the network and is sold for $ on Coinbase.
Dogeliens – The New Canine Coin
The Dogeliens Network (DOGET) is a Metaverse platform designed to bring NFTs and DeFi learning into mainstream crypto trading. The token represents the developers’ desire to ensure that users are entertained and educated about the extensive benefits of cryptocurrency trading. Dogeliens (DOGET) will present an ecosystem that hosts their Metaverse policies. The guidelines include a gaming hub, an active NFT marketplace and an e-learning platform. The Game Hub will work closely with the NFT Marketplace, ensuring that users can create their NFTs for in-game use. The blockchain game on the platform is a game to make money, with token rewards for users based on their progress in the game.
The NFT Marketplace will encourage the creation and display of NFTs for sale and exchange on the Dogeliens (DOGET) platform. Already, the developers have set aside 10,000 NFT tokens for distribution to early members, so be sure to get your DOGETs before it’s too late. Dogeliens (DOGET) will also have an educational platform, a new addition to the cryptocurrency market. The University of Barkington will help new DeFi enthusiasts learn the ropes of trading while making the most of the available DeFi tools. Now is the best time to start your Dogelien (DOGET) journey. Click here to access the pre-sale interface.
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